Strengthen

Nigeria will team up with other countries to strengthen maritime security in the Gulf of Guinea, President Muhammadu Buhari has pledged.

Receiving the Executive Secretary of the Gulf of Guinea Commission, Ambassador Florentina Adenike Ukonga, at the State House, Abuja on Thursday, the President said the Commission is of strategic importance as most of the crude oil stolen from Nigeria is taken through the Gulf of Guinea.

The Chairman of Senate Committee on Banking, Insurance and other Financial Institutions, Senator Rafiu Ibrahim, yesterday said time would soon run out on recalcitrant obligors of the Asset Management Corporation of Nigeria (AMCON), given the renewed commitment of the lawmakers to support AMCON’s debt recovery drive.

Members of the Senate Committee on Banking, Insurance and other Financial Institutions are in Uyo, for a three-day retreat to deliberate on the best approaches to be adopted to help the challenged Nigerian economy.